2 If the production of a good yields a negative externality, then the social-cost curve lies __...

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2 If the production of a good yields a negative externality, then the social-cost curve lies __ the supply curve, and the socially optimal quantity is __ than the equi librium quantity.

a above, greater b above, less c below, greater d below, less

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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Question Posted: Nov 04, 2024 06:00 AM

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2 If the production of a good yields a negative externality, then the social-cost curve lies __...

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Principles Of Microeconomics

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